The European Business Aviation Association (EBAA) has reported growing demand from passengers who would ordinarily use airlines but are not willing to anymore because of the pandemic.
Hawaiian Airlines has told unions it may have to furlough more than 2,000 employees as the carrier looks to realign the size of its workforce with the new operating environment.
Thailand’s Nok Air has become the latest airline to seek a restructuring through the courts after succumbing to the financial pressures caused by the COVID-19 pandemic.
Air France-KLM, pledging to step up its restructuring plans as it unveiled a massive quarterly loss caused by the COVID-19 crisis, said it expects capacity to remain at least 20% below 2019 levels in 2021, with a recovery to pre-crisis capacity by 2024.
Development of a new stealth bomber and contract award for the next intercontinental ballistic missile (ICBM) remain on schedule despite COVID-19 workplace disruptions, Northrop Grumman CEO Kathy Warden said July 30 on a teleconference about second-quarter earnings.
Hours after the Demo-2 spacecraft was cleared to splash down along the Florida coast this weekend carrying two NASA astronauts home from the International Space Station (ISS), a tropical disturbance headed for the Sunshine State was upgraded to a tropical storm.
Allegiant Air will furlough 275 pilots in October, after posting a $95 million net loss in the 2020 second quarter (Q2), despite outperforming its peers on a host of key metrics.
Gulfstream Aerospace continued to struggle with travel restrictions related to the COVID-19 pandemic in the second quarter of 2020, but managed to deliver 32 business jets compared to 31 a year ago.
The European Council has further reduced its list of countries from which it recommends lifting COVID-19 travel restrictions, removing Algeria from the “safe list” in its latest update.
Safran is taking the opportunity of the ongoing COVID-19 crisis to accelerate the reorganization of its cabin interiors activity, aiming at making it stronger than before the pandemic.
Irish lessors AerCap and Avolon have both released second quarter (Q2) 2020 financial results that reveal the initial impact of the COVID-19 crisis on their balance sheets.
Emirates Airline has notified its passengers that all travelers arriving in Dubai or transiting at its Dubai (DXB) hub must have a negative COVID-19 PCR test certificate, starting from Aug. 1.
As production rates have decreased amid the COVID-19 crisis, Airbus’ suppliers are in a difficult but still viable situation, according to Guillaume Faury, the airframer’s CEO.
NASA’s current tally for the economic toll to its programs from the ongoing coronavirus pandemic is about $1.5 billion, Administrator Jim Bridenstine said on July 29.
Among the few upsides of the COVID-19 pandemic has been the increased interest in business aviation from people who have not previously flown privately. But this emerging new market has not gone unnoticed by criminals eager to exploit it.
Facing another heavy quarterly loss of $2.4 billion, the COVID-19-triggered market downturn, and continued uncertainty over the timing of the return-to-service of the 737 MAX, Boeing is making further cutbacks to its commercial aircraft production rates, studying additional layoffs and delaying deliveries of the 777X until 2022
Business aviation is poised to enjoy the best of times post-COVID-19, as the sector welcomes unprecedented numbers of new customers seeking the safety and convenience that private air travel offers, says Kenny Dichter, founder and CEO of Wheels Up.
Wizz Air CEO József Váradi is looking to accelerate aircraft deliveries and is considering new orders, viewing the post-COVID downturn as a unique opportunity to buck the market.
Boeing’s noncommercial businesses remain its lone bright spot amid a global airline industry crisis that is forcing the company to shrink, despite a second-quarter performance that saw minuscule year-over-year revenue growth and lower operating margin in Boeing’s Defense, Space, and Security unit.
A majority of lawmakers in the U.S. House signed a letter urging leaders from both chambers of Congress to extend the Payroll Support Program (PSP) through March 2021, arguing that failure to do so will lead to hundreds of thousands of job losses across the airline industry this fall.
Cathay Pacific has confirmed it will transfer a third of its passenger aircraft to storage locations outside Hong Kong in line with “prudent operational and asset management considerations.”
